Lisi Group (HKG:0526) expects an up to 30 million yuan net loss for the six months ended Sept. 30, against a net profit of 293.2 million yuan a year ago, a Friday Hong Kong bourse filing said.
The household products maker attributed the downbeat forecast to the absence of gains from land resumption in China, an increase in impairment losses on financial and contract assets, and higher valuation loss from the revaluation of the group's investment properties.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments